Impact Of Nigeria Capital Market On Economic Growth (2002-2010)

INTRODUCTION At the dawn of the 21st century, Nigeria, only recently restored to democratic rule, had a promising economic outlook for the ensuing decade. After several years of sanctions stemming from the political misadventures of the Abacha regime, the international business community was  ready to welcome her 150 million plus market back into the global economy. Crude oil prices, a critical benchmark of her economy, were steadily inching up from the low of $10 recorded in the latter part of the 20th century’s last decade. International oil majors, previously barred from doing serious busin…